CURRENCIES --------------------- EUR/USD: The euro recouped some losses today after falling to a nine-year low Wednesday as the fall in inflation led to speculation that the European Central Bank may announce additional stimulus measures. --$1.1820 per euro today vs $1.1838 Wednesday; $1.1889 Tuesday USD/JPY: The yen weakened against the US dollar after the release of the minutes of the US Federal Open Market Committees Dec 16-7 meet. The minutes said that while lower energy prices may keep inflation below the 2% aim for some time, the normalistion of the Feds policy may start when core inflation -- headline inflation less fuel and food -- was near current levels, although the Fed would want to be reasonably confident that inflation would move towards 2% over time. --119.69 yen per $1 today vs 119.25 Wednesday; 118.40 Tuesday.
Posted on: Thu, 08 Jan 2015 05:23:44 +0000
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